YANGON – The Yangon City Development Council (YCDC) will be spending more than Ks 53 billion (nearly US$ 55.2 million) on roads and bridge projects this year. The YCDC has already planned to use over Ks 7 billion (nearly US$ 7 million) on 31 road upgrading projects and over US$ 600,000 to build five new […]
Japan’s development loan to be spent on infrastructure and economic zone
August 20, 2013 by
Japan will lend over US$ 900 million for development projects this fiscal year to be spent on renovation and basic infrastructure in Yangon, as well as the Thilawa Special Economic Zone, according to an official from Japan International Cooperation Agency (JICA). Official Development Assistance (ODA) loans are long-term low interest rate loans advanced to developing […]
